GVEA Approves $125.4 Million Budget for Battery Storage and Infrastructure Upgrades
The Golden Valley Electric Association Board of Directors has approved a $125.4 million budget for a major infrastructure project, which includes the development of a new battery energy storage system and necessary upgrades. The budget will utilize $100 million in federal forgivable loans and allocates up to $1 million for project design and transformer acquisition.
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The Golden Valley Electric Association Board of Directors approved a budget framework of $125.4 million for a significant infrastructure project, leveraging $100 million in federal forgivable loans. The budget includes the development of a new battery energy storage system (BESS) facility and essential infrastructure upgrades. Additionally, the project allocates up to $1 million for project design and transformer acquisition.
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